Top 50 largest companies in the world 2022 (P.8) Agricultural Bank of China: A ‘Big Four’ bank of China


( Agricultural Bank of China is considered a systemically important bank by the Financial Stability Board.

Agricultural Bank of China (ABC), also known as AgBank, is one of the "Big Four" banks in the China. ts headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.

On July 10, 1951, two banks of the Republic of China, Farmers Bank of China and Cooperation Bank, merged to form the Agricultural Cooperation Bank, which ABC regards as its ancestor. Today's Agricultural Bank of China was founded in February 1979. It was restructured to form a holding company called Agricultural Bank of China Limited. It was listed on the Shanghai and Hong Kong stock exchanges in July 2010.

The bank operates through the following segments: Corporate Banking, Personal Banking, Treasury Operations and Others & Unallocated. ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third-largest lender by assets. ABC went public in mid-2010, fetching the world's biggest ever initial public offering (IPO) at the time, since overtaken by the Saudi Arabian state-run petroleum enterprise, Saudi Aramco. It is considered a systemically important bank by the Financial Stability Board.

In Global 2000 2022 list of Forbes, ABC was ranked 26 in Sales, 10 in Profit, 3 in Assets, and 88 in Market value. It’s also listed in World's Best Banks 2022.


According to Wikipedia; Forbes

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